Brito, Paulo2021-11-302021-11-301991Brito, Paulo. 1991. "Long run real exchange rates for a semi-small open economy : an intertemporal two period approach ". Instituto Superior de Economia e Gestão - DE Working papers nº 11-1991/DEhttp://hdl.handle.net/10400.5/22597The main aim the present paper is to expose a real exchange rate theory arising from two period intertemporal model. we are concerned to the case of a completely specialized semi-small open economy which displays actual integration in ALEN and STEIN (1990)'s words, in the world financial market.engOpen EconomyFinancial MarketsExchange RatesInvestmentworking paper